Boothbay Fund Management Invests $7.79M in Lithia Motors

The investment firm takes a new position in the automotive retailer's stock.

Mar. 16, 2026 at 7:52am

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Boothbay Fund Management LLC has purchased a new position in shares of Lithia Motors, Inc. (NYSE:LAD), acquiring 24,647 shares valued at approximately $7.79 million. This represents about 0.10% ownership of Lithia Motors, a major automotive retail network headquartered in Medford, Oregon.

Why it matters

Lithia Motors is one of the largest automotive retail groups in North America, operating dealerships across the U.S. and Canada. The investment by Boothbay Fund Management suggests confidence in Lithia's business model and growth prospects within the evolving automotive industry.

The details

According to a recent SEC filing, Boothbay Fund Management purchased the new stake in Lithia Motors during the third quarter. Lithia Motors operates a diverse portfolio of new and pre-owned vehicle sales, as well as financing, insurance, parts, and service offerings across its dealership network.

  • Boothbay Fund Management acquired the Lithia Motors shares in the third quarter of the year.

The players

Boothbay Fund Management LLC

An investment management firm that has taken a new position in Lithia Motors stock.

Lithia Motors, Inc.

A major automotive retail network headquartered in Medford, Oregon, operating dealerships across the U.S. and Canada.

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The takeaway

Boothbay Fund Management's investment in Lithia Motors reflects confidence in the automotive retailer's business model and growth potential within the evolving car sales landscape. As one of the largest dealership groups in North America, Lithia Motors' performance will be closely watched by investors and analysts.